Strive, the investment firm founded by Vivek Ramaswamy, aims to become a major player in the crypto world by acquiring distressed assets, specifically targeting claims from the defunct Mt. Gox exchange. The firm plans to purchase up to 75,000 Bitcoin worth of claims, aiming to leverage these discounted assets for strategic growth. This move comes ahead of Strive’s planned reverse merger with social media marketing company Asset Entities (ASST). Strive believes this strategy will boost their per-share Bitcoin holdings before the merger closes mid-year. The firm is utilizing 117 Castell Advisory Group LLC to acquire these legally settled Bitcoin claims, primarily originating from Mt. Gox’s collapse in 2014. 1 This acquisition presents a unique opportunity for Strive to gain access to Bitcoin at a price significantly lower than current market value. The company anticipates facing fewer restrictions on acquiring Bitcoin compared to other firms going public through SPAC mergers. Strive will require shareholder approval before proceeding with these purchases and will submit a detailed proposal for SEC review, followed by a proxy statement for shareholder consideration. With Mt. Gox trustee expected to finalize creditor repayments by October 31, time is of the essence for Strive to secure its position. The firm’s strategy aligns with broader industry trends where firms like Twenty One Capital are also pursuing substantial Bitcoin reserve holdings. This investment strategy will ultimately contribute to Strive’s upcoming reverse merger and establish a strong foundation for their future in the rapidly evolving crypto market.